October 31, 2013 2:49 PM

Obama wants `global teams' to create more foreign investment for U.S.

President Barack Obama said today that he will create new "global teams" led by U.S. ambassadors as a way to increase foreign investment in the U.S. economy, with the aim of producing more jobs for the middle class. "America is open for business," Obama told 600-plus executives as he kicked off his first "investment summit" at a hotel in Washington, D.C.

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